Nextracker (NXT) shares were up over 24% in recent Thursday trading after the company posted late Wednesday higher fiscal Q2 results and raised its fiscal 2025 earnings guidance.
The company reported fiscal Q2 adjusted earnings of $0.97 per diluted share, up from $0.65 a year earlier.
Analysts polled by Capital IQ expected $0.61 a share.
Revenue for the quarter ended Sept. 27 was $635.6 million, up from $573.4 million a year earlier.
Analysts surveyed by Capital IQ expected $613.5 million.
The company said it now expects fiscal 2025 adjusted EPS to range between $3.10 and $3.30, compared with a prior view of $2.89 to $3.09.
Analysts polled by Capital IQ expect $3.17 a share.
The company said it continues to expect fiscal 2025 revenue in the range of $2.8 billion to $2.9 billion.
Analysts polled by Capital IQ expect $2.86 billion.
Price: 39.86, Change: +7.89, Percent Change: +24.68
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